Analysts at JP Morgan forecast that Brent oil prices could drop to $30 per barrel by 2027 due to an oversupply in the market, Oilprice reports.
Since the beginning of the year, Brent has fallen by 14% and was trading around $62.59 per barrel early Monday. The market is currently awaiting updates on renewed peace negotiations regarding Ukraine.
The United States and Ukraine held “highly productive” talks in Geneva and agreed to continue working on a refined peace plan that Washington proposed last week.
For now, despite concerns about oversupply, analysts and investment banks do not expect oil prices to fall below $40 in the near term, although the market may temporarily decline due to large supply volumes from OPEC+ and non-OPEC producers, especially from the United States.
Peace in Ukraine could also affect energy prices, as some sanctions against Russia may be eased.
According to Goldman Sachs, oil prices will continue to decline next year due to excess supply. U.S. WTI Crude could average $53 per barrel in 2026. Investors are already receiving signals to take short positions in oil, said Daan Struyven, co-head of global commodities research at Goldman Sachs.
The investment bank forecasts that oil prices will continue to fall next year, and investors should now bet on further declines.
Analysts predict that the oversupply in 2026 will be about 2 million barrels per day, while 2026 will be the last year of the major supply wave. The oil market is expected to stabilize in 2027.
The collapse in prices for Russian crude is undermining company profitability, forcing producers to drill and extract less oil. In particular, drilling activity fell by 16% in December 2025 compared with December 2024. Overall, it declined by 3.4% over the year, according to industry statistics cited by Bloomberg. A total of 29,140 kilometers of wells […]
Apple is preparing a major update to its Podcasts service. Users will soon be able to watch and download video content directly through the app, according to CNBC. Industry analysts say the new version of Apple Podcasts brings the service much closer in functionality to competitors such as Spotify, YouTube, and Netflix. “Twenty years ago, […]
The European Union has launched a formal investigation into the Chinese platform Shein over potential violations of EU law, including the sale of illegal goods and the use of so-called “addictive” design features, The Guardian reports. Last year, the European Commission requested information from the company, whose sales have been rapidly growing in Europe, and […]
The Ministry of Finance of Ukraine raised the equivalent of UAH 17.40 billion for the state budget on February 17 during auctions of domestic government bonds, the ministry’s press service reported. The largest share of investment came from bonds with a 3.8-year maturity and a yield of 13.1% per annum (weighted average – 12.92%), which […]
Authorities in Romania and the U.S. company Critical Metals Corp have signed an agreement to construct a rare earth elements processing plant in Brașov. According to Romania’s Energy Minister Bogdan Ivan, the facility will process concentrate extracted by the American company in Greenland. The new project is expected to help Romania become a global player […]
Ukraine has secured $690 million in grant funding from Japan and Canada under the G7’s ERA mechanism, the Ministry of Finance of Ukraine reported. “The funds have been transferred to the general fund of Ukraine’s state budget and will be directed toward financing priority government expenditures, including pension payments and social support programs for the […]
Russia’s external government debt reached $61.97 billion as of February 1, 2026, the highest figure in the past 20 years, according to data from the Ministry of Finance of Russia, reported by The Moscow Times. As of January 1, 2006, Russia’s external public debt stood at $76.5 billion, but by 2007 it had fallen to […]
The United States has issued a general license to Reliance Industries Ltd, allowing its refinery to purchase Venezuelan oil directly without violating sanctions. This was reported by Reuters, citing its sources. The license is expected to accelerate Venezuela’s oil exports and reduce crude costs for the operator of the world’s largest refining complex. The general […]
India’s largest buyer of Russian oil, Reliance Industries, has shifted to purchasing crude from Middle Eastern countries and the United States following the U.S. sanctions imposed on Lukoil, Rosneft, and their subsidiaries, Bloomberg reported, citing traders. India has begun purchasing several grades of crude oil from Iraq and Qatar, including Saudi Khafji, Iraqi Basrah Medium, […]
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For the first time, the National Bank has identified a list of critical infrastructure facilities in the banking system of Ukraine. This was reported on the regulator’s website on Friday, April 23. It is noted that such powers of the NBU are provided by the Law on Basic Principles of Cyber Security of Ukraine. “Objects […]
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Ukraine’s steel industry risks losing billions of dollars and a key export market due to the full implementation of the EU’s Carbon Border Adjustment Mechanism (CBAM). It is noted that the new environmental levy has already begun to apply to Ukraine. And despite the fact that the country is entitled to a deferral, it has […]
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Customers of the Colonial Pipeline pipeline network, which was restarted after the cyber attack, are having trouble. In particular, they may not reserve fuel supplies, update applications or perform other online access activities. This was announced on Tuesday, May 18, citing anonymous sources among shippers, Bloomberg reports. The company itself said in a comment to […]
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The taxi service of the international Chinese company DiDi Chuxing intends to conduct the initial public offering (IPO) on the Hong Kong Stock Exchange. As reported by Reuters on Tuesday, citing sources, this may happen in the first half of 2021. By the time of the IPO, the estimated value of DiDi will be more […]
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The Cabinet of Ministers at a meeting on Wednesday, August 4, approved an energy security strategy. During the presentation of the document, Energy Minister Herman Galushchenko said that the strategy identifies, in particular, 29 threats to energy security, the key of which are cyber threats, Russian aggression, depreciation of fixed assets, lack of energy reserves, […]
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Enterprises and institutions of the space industry of Ukraine increased the net loss to 1.038 billion hryvnias from January to September 2020. This is 23 times more than in the first nine months of last year. In 2019, for the same period, the net loss amounted to 44.3 million hryvnias, according to the press service […]
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Tesla shares reached their new peak on Thursday jumping 7.95% to a price of $1208.66. The manufacturer of electric cars Tesla was rated as the world most expensive automaker (in terms of market capitalization), overtaking the world leader Toyota Motor. Since the beginning of the year, Tesla shares have risen by 189% having climbed 166% […]
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JSC Ukrzaliznytsia has announced the introduction of five additional trains that will operate across different regions of Ukraine, the company’s press service reported. Additional trains scheduled for this autumn include: No. 249/250 Kyiv – LvivDepartures from Kyiv and Lviv: August 27, 28. No. 220/219 Kyiv – DniproDepartures from Kyiv and Dnipro: August 25, 28, 30, […]
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The American producer of vegetable meat products Impossible Foods expects that investors will estimate it at $ 10 billion during the listing. The company plans to go public this year, but has not yet decided how to become a public company, reports Reuters, citing knowledgeable interlocutors. According to them, the company is now exploring the […]
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Ukraine plans to attract $ 5 billion in investments this year. Deputy Minister of Economic Development Iryna Novikova stated this at the Ukraine 30 business forum. The Ministry of Economy believes that this amount of investment will be able to attract thanks to concessions, support for large investment projects and industrial parks. Thus, Novikova noted […]
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Ukraine can produce an average of about 5.5 billion cubic meters of “green” hydrogen annually. This was announced on Monday, March 29, by the State Agency for Energy Efficiency. Experts of the United Nations Economic Commission for Europe with the support of the Ministry of Energy and the State Agency conducted studies of the potential […]
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The Antimonopoly Committee drew the line under the proceedings between the Ukrainian “daughter” of the German firm Rehau and its namesake – the Kyiv production company Rehau. Both work in the window market under the Rehau brand. By the decision of the AMCU the Rehau production company is obliged within a month to abandon from […]
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On January 12, the Cabinet of Ministers approved the winner of the tender to develop the Dobra lithium deposit under a production sharing agreement (PSA) mechanism. This was announced by Prime Minister Yuliia Svyrydenko. “A pilot project for the development of mineral resources — the Dobra lithium deposit site in the Kirovohrad region,” she said. […]
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The downturn in Ukraine’s economy in the first four months of 2021 slowed to 0.2%, according to a preliminary estimate by the Ministry of Economy. “The Ministry of Economy estimates a slight reduction in GDP at 0.2% (down 2% in the first quarter of 2021 by 4.9% over the four months of 2020),” the statement […]
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The Danish Board of Appeal for the Environment and Foodstuffs has revoked the permit issued by the Environmental Protection Agency for the construction of the Baltic Pipe gas pipeline. “On July 12, 2019, the Danish Environmental Protection Authority issued an environmental permit for the construction of the Baltic Pipe. On May 31, 2021, the Environmental […]
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